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Regina · Single Family · under $250,000 · 2+ bed · 1+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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2029 Elphinstone STREET
Located in the heart of Regina’s sought after Cathedral Village, this two storey character home presents an excellent opportunity for investors, renovators, or buyers looking to build equity through improvements. Offering 3 bedrooms, 1 bathroom, a comfortable living room, dining area, and functional kitchen, the home provides a solid foundation for someone with vision to restore and enhance its character. While the property requires updating and TLC, the potential is undeniable for those willing to put in the work. The backyard offers additional value with two separate outbuildings. A detached single garage is currently utilized primarily for storage, while a second workshop building has been insulated, heated, and features upgraded electrical service, making it an ideal space for hobbies, woodworking, projects, or additional workspace. Set on a mature lot in one of Regina's most desirable neighbourhoods, you'll enjoy being within walking distance of parks, schools, restaurants, coffee shops, and all the unique amenities Cathedral has to offer. Whether you're searching for your next renovation project, an investment property, or a character home with room to add value, this property offers plenty of potential and an opportunity to create some equity. The property is being sold as is, where is, as such, no warranties or representations are being made. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Storage | — | |
| Other | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10 × 8 feet | |
| Living room | 11 × 17 feet | |
| Dining room | 10 × 12 feet |
Second level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | — | |
| Bedroom | 14 × 10 feet | |
| Bedroom | 13 × 10 feet | |
| Bedroom | 11 × 10 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
25.70%
Cap rate
10.00%
GRM
7.6
Break-even rent
$1,412
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 17, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.